What is residentinsure?

What is ResidentInsure?

ResidentInsure (now known as Homebody) is a service that provides renters insurance, offering coverage for losses related to fire and smoke damage, theft and burglary, among other things. It allows renters to replace their items like computers, furniture, TVs, jewelry, etc., without the significant expense and hassle that typically accompanies such losses. This insurance aims to make difficult situations less stressful by ensuring that renters have a policy in place to protect them from various risks​​.

ResidentInsure itself isn't an insurance company but rather acts as an insurance agency or broker. Here's a breakdown of its role in real estate:

For residents:

• Convenience: ResidentInsure offers a platform where residents can easily compare quotes and purchase renters insurance from multiple reputable insurance carriers. This can save them time and effort compared to contacting individual insurance companies.
• Streamlined process: They aim to make the insurance purchase process simple and efficient, often allowing residents to obtain coverage in minutes.
• Additional options: In addition to renters insurance, they may offer other products such as pet insurance, identity theft protection, and even homeowners insurance.

For property managers:

• Partnership: ResidentInsure can partner with property managers to offer convenient insurance options to their residents. This can be a valuable service for attracting and retaining tenants.
• Reduced workload: By providing a platform for residents to obtain insurance, ResidentInsure can reduce the workload of property managers who might otherwise be responsible for fielding inquiries and assisting residents with insurance needs.

ResidentInsure helps facilitate the process of acquiring insurance for residents in the rental market, offering them convenience and streamlined options, while potentially benefiting property managers with reduced workload and added value to their tenants.